Real Estate Resources and Advice For Growing Families

Things Commercial Landlords Need To Know About Suffolk County

As a commercial landlord, you've probably had many tenants who have caused problems — from late payments to damaged property. And now you're looking to sell your building because you just can't handle the headache anymore. If you aren't sure if commercial real estate is right for your, keep reading. 

Tax Advantages and Commercial Real Estate

Commercial real estate provides many tax advantages over residential property that can add up to thousands of dollars each year in savings.

For example, you don't have to report rental income from commercial properties on your taxes if you own the building or property yourself. If you're a commercial property owner who rents out your building, you may be able to deduct expenses from your personal income taxes.

Businesses get the same tax breaks as homeowners do when it comes to interest paid on loans for their properties. This means that any mortgage interest paid on your business loan is tax-deductible.

Commercial Real Estate Financing Options

Financing your next building purchase or refinancing existing properties. There are several options available to landlords. From traditional bank loans to private equity funds and other non-traditional investments, there are plenty of ways for landlords to get their hands on cash when they need it most.

ROI with Commercial Real Estate Investment

If you can find a property where your cost of owner-occupancy is lower than your rental rate, then your ROI will be positive, and you should buy that property. If you can't find such a property, then don't buy it — no matter how great it looks on paper. An example of this would be an apartment building with all-electric heating; if your cost of owner-occupancy is higher than your rental rate, then you have a negative ROI and should not buy that property.

Generating Income with Commercial Real Estate

Commercial real estate is a popular investment for individuals and businesses alike. It can also provide passive income when you rent out your property. You can live off the rent checks and not worry about finding tenants or dealing with maintenance issues. However, if you want to make money as a landlord, you will need to market your property in a way that attracts tenants who will pay rent on time each month.

Commercial real estate is a stable investment that can help you build wealth and generate income over time. Contact a Suffolk county real estate agency, such as cow harbor commercial, to start looking for commercial properties to invest in.